Andrew Law (financier)

Andrew Law
Born Andrew Eric Law
June 1966 (age 52)
Cheadle Hulme, Stockport, England
Nationality British
Education Cheadle Hulme High School
Sheffield University
Occupation Financier
Net worth £475 million (May 2017)[1]
Spouse(s) Zoe Law

Andrew Eric Law (born June 1966) is a British financier and philanthropist. He serves as the chairman and chief executive officer of Caxton Associates, a hedge fund headquartered on Berkeley Square in London.

Early life

Andrew Eric Law was born in June 1966,[2] and raised in Cheadle Hulme near Stockport, England.[3][4] His father was a mechanical engineer and his mother was a nurse.[3] He was educated at Cheadle Hulme High School.[3] He graduated from the University of Sheffield in Sheffield, South Yorkshire, with a First Class honours degree in Economics in 1987.[5][6][7]

Career

He started his career in finance at County NatWest, now known as NatWest.[3][5] He then worked as a trader at the Chemical Bank.[3][5][7] In 1996, he joined Goldman Sachs, later becoming a managing director, where he oversaw FICC.[5][7]

He started working at Caxton Associates in London in 2003.[5][7] In 2008, he became its Chief Investment Officer.[5][6][8] Since 2012, he has served as its chairman and chief executive officer.[6][7][8]

Political affiliations

Between May 2010 and January 2015, he donated £947,911 to the Conservative Party, making him its 11th biggest donor in this period.[9] In May 2017, he gave £250,000 to the Conservative Party.[10]

Philanthropy

He co-chairs the Law Family Charitable Foundation with his wife.[5] They support many non-profit organisations, including the Policy Exchange, a think tank based in Westminster.[5] In 2014, they donated £1 million to The Lowry in Salford, where the spaces inside the Main Gallery were renamed The Andrew and Zoë Law Galleries.[11][12]

Law is the chairman of the board of Trustees of Speakers for Schools, which invites public speakers to state schools in the UK.[5] He spoke at the Trinity C.E. High School in Manchester.[3] He also serves on the Board of Trustees of Social Finance.[5] Additionally, he is a patron of the Hotcourses Foundation, which helps vulnerable schoolchildren in Kenya.[13]

In an op ed published in The Huffington Post in 2014, he called for hedge fund managers to be more philanthropic.[14]

Personal life

He is married to Zoe Law, a make-up artist who has worked for the British singer Dido.[5][12] He is a millionaire.[3] He is a supporter of the football team, Manchester City F.C..[3] He owns "Manchester City vs Sheffield United", a 1938 painting by L. S. Lowry.[3]

References

  1. ↑ "Sunday Times Rich List". Sunday Times (Magazine, page 78). 7 May 2017.
  2. ↑ "Andrew Eric LAW - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 29 January 2018.
  3. 1 2 3 4 5 6 7 8 9 Andrew Cave, Outspoken hedge fund boss who made the journey from city to city, The Daily Telegraph, 26 May 2013
  4. ↑ "Andrew Law – Speakers for Schools". www.speakers4schools.org. Retrieved 29 January 2018.
  5. 1 2 3 4 5 6 7 8 9 10 11 "Law Family Charitable Foundation - Andrew & Zoë Law". www.lawfamilycharitablefoundation.org. Retrieved 29 January 2018.
  6. 1 2 3 "Social Finance: Board". socialfinance.org.uk. Retrieved 29 January 2018.
  7. 1 2 3 4 5 Andrew E. Law, CNBC
  8. 1 2 Sam Jones, Quiet Caxton chief refuses to shout about $1bn gain, Financial Times, 20 October 2013
  9. ↑ Elizabeth Rigby, Gavin Jackson, George Parker, 'Tories double number of big City donors in five years: Miliband attacks 'party of Mayfair hedge funds and Monaco tax avoiders',' Financial Times, 5 February 2015, p. 1, http://www.ft.com/cms/s/0/11306cd0-ac94-11e4-beeb-00144feab7de.html#axzz3wTjPW2T4
  10. ↑ Cahill, Helen (18 May 2017). "Party donors: Here are the big names bank-rolling the Conservative campaign". cityam.com. Retrieved 28 January 2018.
  11. ↑ Shelina Begum, Businessman Andrew Law and wife Zoë donate £1m to The Lowry, Manchester Evening News, 2 July 2014
  12. 1 2 The Lowry announces largest ever private donation and achieves £5m capital funding target, The Lowry, 1 July 2014
  13. ↑ "Patrons of Nyumbani UK". nyumbani.org.uk. Retrieved 29 January 2018.
  14. ↑ Andrew Law, The Hedge Fund Formula For Philanthropy, The Huffington Post, 23 January 2014
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.